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Cost Tool Development


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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Rs. 3,651

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  • Product Description

Early cost knowledge can help an industry attaining cost leadership or differentiating their products from the competition. In today''s competitive market, when a company buys parts from outside supplier, it is essential for it to verify the price at which supplier is supplying these parts is appropriate or not. In thesis, Cost Tool Development Using Statistical Methods, a tool is developed to estimate cost of electric parts. Parameters are identified which influence cost of parts and cost models for different types of parts are formulated. So, cost drivers are known. Using this model, the user can estimate cost of part and can compare the estimated cost with vendor quote. If vendor quote costs are on higher side, detailed investigation of vendor quotes will be done and this leads to cost saving. Also, outliers from existing data can be identified and their detailed cost structure can be found out. This method can be extended to other commodities also. Thus, it is a potential tool for cost reduction.

Product Specifications
SKU :COC43290
AuthorAditya Pingale
Number of Pages56
Publishing Year2010-10-14T00:00:00.000
Edition1 st
Book TypeProduction engineering
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-01-08 00:00:00